Global Infrared Sensor Market, By Spectrum Range (Short-Wave IR [SWIR], Mid-Wave IR [MWIR], Long-Wave [LWIR]), Working Mechanism (Active, Passive), Type (Thermal Infrared Sensors and Quantum Infrared Sensors), Detection (Uncooled Infrared Sensors, Cooled Infrared Sensors), End-User (Healthcare, Aerospace and Defense, Automotive, Commercial, Manufacturing, Oil and Gas, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Infrared Sensor Market
Infrared sensor market will reach at an estimated value of USD 986.69 million and grow at a CAGR of 9.80% in the forecast period of 2021 to 2028. Rising significant adoption of infrared detectors in motion and people sensing solutions is an essential factor driving the infrared sensor market.
Infrared detector is a type of detector which is used to detect infrared radiation to measure heat and detect motion. It is integrated with numerous devices which are used in surveillance, automobiles, testing, detection, and measurement. Infrared detectors which convert infrared radiation into electrical signal are one of the most significant group of sensors in defense system applications. These detectors also play a vital role in applications such as automotive, medical, industrial, security, and consumer electronics.
Increased penetration of infrared detectors in gas analysis, fire detection, and non-contact temperature measurement applications is a crucial factor accelerating the market growth, also growing need for automation equipment for building automation, rising adoption of 5G technology, rising investments in the research and development for integrating infrared cameras in automobiles, increasing investment in the security market and the growing trend of video surveillance and increasing investments in autonomous cars, are the major factors among others boosting the infrared sensor market. Moreover, increasing demand for infrared detectors from emerging countries and rising application areas of infrared spectroscopy technique will further create new opportunities for infrared sensor market in the forecast period mentioned above.
However, increasing stringent import and export regulations for infrared cameras is the vital factor among others restraining the market growth, while rising decrease in data accuracy with increasing distance between detector and object and rising availability of substitute technologies will further challenge the infrared sensor market in the forecast period mentioned above.
This infrared sensor market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on infrared sensor market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Infrared Sensor Market Scope and Market Size
Infrared sensor market is segmented on the basis of spectrum range, working mechanism, type, detection and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of spectrum range, the infrared sensor market is segmented into short-wave IR [SWIR], mid-wave IR [MWIR] and long-wave [LWIR].
- Based on working mechanism, the infrared sensor market is segmented into active and passive.
- Based on type, the infrared sensor market is segmented into thermal infrared sensors and quantum infrared sensors.
- Based on detection, the infrared sensor market is segmented into uncooled infrared sensors and cooled infrared sensors.
- The infrared sensor market is also segmented on the basis of end-user into healthcare, aerospace and defense, automotive, commercial, manufacturing, oil and gas and others.
Infrared Sensor Market Scope Country Level Analysis
Infrared sensor market is analysed and market size, volume information is provided by country, spectrum range, working mechanism, type, detection and end-user as referenced above.
The countries covered in the infrared sensor market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the infrared sensor market due to growing preference of consumers toward better energy management, rising need for automation equipment for building automation, rising adoption of 5G technology and rising investments in the research and development for integrating infrared cameras in automobiles in this region. North America is the expected region in terms of growth in infrared sensor market due to increasing adoption of autonomous cars and electric vehicles in this region.
The country section of the infrared sensor market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Infrared Sensor Market Share Analysis
Infrared sensor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to infrared sensor market.
The major players covered infrared sensor market report are Murata Manufacturing Co., Ltd, Honeywell International Inc, Lynred, Teledyne Technologies Incorporated, Raytheon Technologies Corporation, Texas Instruments Incorporated, Hamamatsu Photonics K.K. and its affiliates, OMRON Corporation, Excelitas Technologies Corp, Nippon Avionics Co.,Ltd, NICERA ALL, Zhejiang Dali Technology Co.,Ltd, WUHAN-GUI, Excelitas Technologies Corp., General Dynamics Corporation, L3Harris Technologies, Inc, Fluke Corporation, Leonardo DRS, Bosch Security Systems, LLC and Axis Communications AB among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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